CLP Group (its holding company is CLP Holdings Ltd) is an electricity company in Hong Kong with businesses in a number of Asian markets and Australia. Incorporated in 1901 as China Light & Power Company Syndicate, its core business remains electricity generation, transmission, and retailing.
Hong Kong's largest power supplier, CLP Holdings, posted a 1.2 per cent year-on-year fall in sales volume in the first nine months of the year, while operating difficulties in Australia and India, where it made first-half losses, persisted.Tuesday, 29 October, 2013, 2:42am
While the power company said it would still have to fork out an impairment loss of HK$315 million this year for its new plant in Jhajjar, where utilisation remained at 30 per cent due to a short supply of coal, chief executive Andrew Brandler said its performance should improve in the next six to 18 months.26 Feb 2013 - 5:27am
CLP Holdings said yesterday revenue rose 14.1 per cent to HK$77.51 billion in the first nine months of this year.
Turnover from the company's Australian energy business, its biggest source of revenue, jumped 15.9 per cent to HK$48.77 billion, while its electricity business in Hong Kong, its second-biggest revenue source, grew 9.7 per cent to HK$25.56 billion.16 Oct 2012 - 4:03am
CLP Holdings may propose another tariff rise in Hong Kong by the end of the year, as big losses in its overseas investments squeeze earnings and a new gas supply contract due to be signed next year triples fuel costs.15 Aug 2012 - 1:33am
CLP Holdings warned investors yesterday that the partial shutdown of its biggest power plant in Australia would hit earnings this year, although analysts expect the Hong Kong power supplier to still post higher profit.10 Jul 2012 - 12:00am
Growing risks about the profitability of CLP Holdings' core electricity supply to Kowloon, the New Territories and Lantau has raised doubts about its reputation as a safe haven for investment.15 May 2012 - 12:00am
CLP Holdings, the larger of Hong Kong's two electricity utilities, has warned that its full-year results will be hit by new clean energy laws in Australia.9 Nov 2011 - 12:00am